Cameco Updates Cigar Lake Remediation: New Production Target 2010

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This is a full year behind their estimate in late 2006, but my sense is that the news is largely priced into the market at this point, given the fact that Cameco had delayed the estimate twice since the remediation process began in November.

On Monday Cameco updated their remediation of the Cigar Lake mine, with production now targeted for 2010.

This is a full year behind their estimate in late 2006, but my sense is that the news is largely priced into the market at this point, given the fact that Cameco had delayed the estimate twice since the remediation process began in November.

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